NEW YORK, Sept. 02, 2022 (GLOBE NEWSWIRE) — Attorney Advertising — Bronstein, Gewirtz & Grossman, LLC is notifying investors that a class action lawsuit has been filed against MINISO Group Holding Limited (“MINISO” or “the Company”) (NYSE : MNSO) and certain of its officers on behalf of all persons and entities that purchased or acquired MINISO securities pursuant to and/or traceable to the registration statement and related prospectus (collectively, the “Registration Statement”) with MINISO’s IPO in October 2020 (the “IPO”). Such investors are encouraged to join this case by visiting the company’s website: www.bgandg.com/mnso.

This class action seeks damages against the defendants for alleged violations of federal securities laws.

The Complaint alleges that the Registration Statement contained false and/or misleading information and/or failed to disclose the following: (1) Defendants and other undisclosed related parties owned and controlled a much larger number of MINISO stores than previously disclosed; (2) as a result, MINISO concealed its true costs; (3) the company has not presented its true business model; (4) Defendants, including the Company and its CEO, involved in contemplated unusual and unclear transactions; (5) as a result of at least one of these transactions, the Company is at risk of breaching contracts with Chinese authorities; (6) the company would immediately and drastically reduce its franchise fees; and (7) as a result, the statements made by defendants about the Company’s business, operations and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. As the true details emerged, the lawsuit alleges that investors suffered damage.

A class action lawsuit has already been filed. If you would like to see a copy of the complaint, you can visit the firm’s website: www.bgandg.com/mnso or you can contact Peretz Bronstein, Esq. or his law…